§ 6-19-201. Scope of Part 2
This part 2 applies to covered transactions involving a nonprofit hospital and another nonprofit entity. Source: L. 98: Entire article added, p. 522, § 1, effective April 30.
This part 2 applies to covered transactions involving a nonprofit hospital and another nonprofit entity. Source: L. 98: Entire article added, p. 522, § 1, effective April 30.
Notice shall be provided by the parties to a covered transaction according to section 6-19-103 and shall include a statement on the charitable purposes of each nonprofit entity entering into the covered transaction as well as a statement concerning the relationship of these purposes to the hospital involved in the transaction. The statement may include […]
A covered transaction under this part 2 that will not result in a material change in the charitable purposes to which the assets of the hospital have been dedicated, and will not result in a termination of the attorney general’s jurisdiction over those assets caused by a transfer of a material amount of those assets […]